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What is IDRX (IDRX)?

Quick Facts

  • Peg: 1:1 to the Indonesian Rupiah (IDR)
  • Issuer: PT IDRX Indo Inovasi
  • Backing: Fiat reserves and Indonesian government bonds
  • Auditor: CertiK smart contract security audit
  • Regulator: Registered with CFX (Indonesia's commodity futures regulator)
  • Chains: Polygon, BNB Smart Chain, Solana, Base, and more
  • Access: Available on Indodax (CEX) and DEX platforms like Uniswap and PancakeSwap

Introduction

IDRX is Indonesia's regulated Rupiah stablecoin, designed to bring the Indonesian Rupiah onto public blockchains in a secure and compliant way. It is pegged 1:1 to the IDR, meaning each token is always worth one Indonesian Rupiah.

By combining the familiarity of the Rupiah with the speed and openness of blockchain technology, IDRX serves as a digital bridge between traditional Indonesian finance and the global Web3 economy.

History & Background

IDRX was developed by PT IDRX Indo Inovasi and registered under Indonesia's commodity futures regulatory framework (CFX). Its launch addressed a clear gap: Indonesia lacked a widely available, fully regulated stablecoin denominated in its own national currency.

Since its introduction, IDRX has expanded to multiple blockchains and established partnerships in sectors ranging from agriculture to cross-border trade finance.

How IDRX Works

Every IDRX token is backed by an equivalent amount of IDR held in reserve — a model known as full fiat backing. Reserves are held at regulated financial institutions and supplemented by Indonesian government bonds, adding an extra layer of security.

Users can mint IDRX directly on the idrx.co platform by depositing IDR through approved payment channels such as bank virtual accounts or QRIS. They can also redeem IDRX back to IDR at any time. Transactions settle in seconds, around the clock, across all supported networks.

Tokenomics

IDRX follows a collateralized issuance model: new tokens are only minted when an equivalent IDR amount is deposited, and tokens are burned upon redemption. This keeps the supply directly tied to real-world demand, maintaining the peg.

Reserve transparency is maintained through regular third-party audits, and CertiK has audited the smart contracts for security. There are no inflationary emissions or staking rewards — the token is designed purely as a stable unit of account and medium of exchange.

Circulating Supply ? 18.53 billion IDRX
Reserved supply ? 0 IDRX
Burned
0x0000000000000000000000000000000000000001
0 IDRX
Total supply ? 18.53 billion IDRX
Max supply ? 0 IDRX
Updated 2w ago

Ecosystem & Use Cases

IDRX is usable across a wide range of platforms and scenarios:

  • Payments: Fast, low-cost digital transfers domestically and internationally
  • DeFi: Liquidity provision and swaps on Aerodrome, Uniswap, and PancakeSwap
  • RWA Settlement: Powers agricultural asset tokenization through a partnership with HARA AgriTech on Solana
  • Cross-border Trade: An MoU with AUDD (Australian Dollar stablecoin) explores onchain IDR-AUD settlement corridors
  • Tokenized Assets: Enables Indonesian users to access global tokenized assets using Rupiah as an onchain rail

Team, Governance & Community

IDRX is issued and governed centrally by PT IDRX Indo Inovasi, a registered Indonesian entity. Regulatory oversight by CFX provides a formal compliance layer that distinguishes IDRX from unregulated stablecoins.

The community is active across social media, and the project engages with Indonesian financial regulators such as OJK (Financial Services Authority), reflecting its commitment to operating within the country's legal framework.

Advantages

  • Regulatory compliance: Registered with CFX and aligned with OJK guidelines
  • Transparent reserves: Backed by fiat and government bonds, audited by CertiK
  • Multi-chain availability: Deployed on Polygon, BNB Smart Chain, Solana, Base, and others
  • Near-zero fees: Designed for cost-effective everyday and cross-border transactions
  • Accessibility: Anyone with a digital wallet can mint, hold, and send IDRX globally

Risks & Challenges

  • Centralized issuance: Control rests with a single issuer, which introduces counterparty risk
  • Reserve risk: Users must trust that reserves are fully maintained between audit periods
  • Regulatory change: Evolving Indonesian crypto regulations could affect operations
  • Adoption competition: Competing against globally dominant stablecoins like USDT and USDC for DeFi liquidity

Long-Term Vision

IDRX aims to become the primary onchain representation of the Indonesian Rupiah, enabling Indonesians to participate fully in the global digital economy using their own currency. The project envisions IDRX as critical infrastructure for Indonesia's digital financial system — supporting everything from everyday payments to tokenized real-world assets and cross-border settlements denominated in Rupiah.

Frequently Asked Questions

IDRX is a regulated stablecoin pegged 1:1 to the Indonesian Rupiah (IDR). It is issued by PT IDRX Indo Inovasi and backed by fiat reserves and Indonesian government bonds.

IDRX is issued by PT IDRX Indo Inovasi and is registered with CFX, Indonesia's commodity futures regulatory authority. The project also engages with Indonesia's Financial Services Authority (OJK).

Each IDRX token is backed 1:1 by Indonesian Rupiah held in reserve at regulated financial institutions, along with Indonesian government bonds. Reserves are subject to regular third-party audits.

You can mint IDRX directly on idrx.co by depositing IDR via bank transfer or QRIS. It is also available on centralized exchanges like Indodax and decentralized exchanges such as Uniswap and PancakeSwap.

IDRX is deployed on multiple blockchains including Polygon, BNB Smart Chain, Solana, and Base. This multi-chain approach makes it accessible across a wide range of DeFi and payment ecosystems.

IDRX can be used for fast digital payments, DeFi activities like liquidity provision and token swaps, cross-border settlements, and accessing tokenized real-world assets using Rupiah as the settlement currency.

Yes. IDRX smart contracts have been audited by CertiK, one of the leading blockchain security firms. Reserve and compliance documentation is also published for transparency.

Unlike USDT or USDC which are pegged to the US Dollar, IDRX is pegged to the Indonesian Rupiah, making it specifically designed for Indonesian users and businesses. It is also locally regulated under Indonesian law.